Bank of Communications enjoys a loan of 50,000 yuan and how much handling fee is required to pay it

Bank of Communications Haoxiang loan of 50,000 yuan requires a handling fee of 4,320 yuan to pay off in one year, and the handling fee rate is.

1 "Privilege Loan" refers to a business in which an exclusive installment line (hereinafter referred to as "Privilege Loan") is provided to the principal cardholder designated by the Cardholder (hereinafter referred to as the "Privilege Loan") upon the application of the principal cardholder of the Bank of Communications Credit Card (hereinafter referred to as the "Cardholder"), and the consumption transactions that meet the conditions specified in these Rules are credited to the Privilege Loan Limit and an installment repayment plan is automatically generated (hereinafter referred to as the "Business").

2 If the cardholder wishes to apply after receiving the invitation, he/she may apply for this service within the application period through the designated credit card account approved by Bank of Communications customer service**, online banking, mobile banking and other methods approved by the bank. Bank of Communications will make the final decision on whether to approve the application based on the cardholder's credit status at the time of application.

3 After the application for this service is approved, the Cardholder may, within 90 days (including 90 days, hereinafter referred to as the "Validity Period") within 90 days (including 90 days, hereinafter referred to as the "Validity Period") make a single transaction with an amount of not less than RMB 1,500 or its equivalent in foreign currencies (for UnionPay line transactions only) (hereinafter referred to as the "Pending Installment Transaction"), except that transactions made at the following categories of merchants and other high-risk merchants deemed by BOCOM are not applicable to this service. The types of merchants and merchants that are not applicable to this service may be adjusted from time to time, and cardholders can contact Bank of Communications Credit Card** for specific inquiries.

The handling fee for a good loan for one month is multiplied by yourself.

<> in the absence of preferential activities and interest rate discounts, the installment fee rates of BOCOM Haoxiang Loan in 2018 are 3 installments per month, 6 installments per month, and 12 installments, 24 installments or 36 installments per month.

Of course, if you are a high-quality customer of the Bank of Communications, it will fluctuate slightly on the basis of this standard, let's take this as an example to calculate how much the annual interest is if all the 50,000 quotas are taken out.

For example, Xiao Wang has a credit card of the Bank of Communications, and after applying for a good loan, he will get an additional special amount of 50,000 yuan, and after all the consumption, he will repay it in 12 installments, so the interest calculation formula is as follows:

The calculation formula of Haoxiang Loan: installment handling fee = installment principal installment rate

The loan consumption is 50,000 yuan, which will be repaid in 12 installments, and the monthly handling fee will be 50,000 yuan, and the monthly principal should be repaid 50,000 yuan 12=yuan. Therefore, the total monthly repayment amount is $360+.

If you want to get a lower interest rate:

1. Become a whitelist customer of Bank of Communications, such as financial assets, housing loans, state-owned institutions and institutions;

2. When encountering preferential activities, you need to continue to pay attention;

3. The personal qualification is very good, and the card record is excellent;

To sum up, if you borrow 50,000 yuan and pay it off in 1 year, the total interest for a year is 4,320 yuan without overdue repayment, which is more conscientious than private loans, and the most important thing is that the next payment is fast and the amount is high.

Bank of Communications Haoxiang Loan can apply for early repayment, early repayment will not produce bad credit records, but early repayment can not save you handling fees, and part of the handling fees for early repayment must be paid at the same time.

Friends who have applied for a good loan from the Bank of Communications may encounter a reduction in early repayment, and some cardholders have personally experienced that the credit card limit will be reduced on the second day of early repayment of the good enjoy loan.

A monthly handling fee will be charged for the full amount of the money credited to the book. Rule example: A customer spends 10,000 yuan in a single transaction, divided into 12 installments, and the monthly procedure is 72 yuan, and the total handling fee is 72 * 12 = 864 yuan.

Haoxiang Loan can be repaid in a lump sum in advance, but early repayment does not waive the subsequent instalment fee. If you repay the loan early, you are required to repay the remaining principal and the remaining instalment handling fee in a lump sum before the next statement date.

Only sign a good loan, do not consume, and will not incur fees; If the contract is signed and the consumption meets the conditions and the installment occurs, there will be expenses. Installment handling fee = installment principal Installment rate, which can be divided into up to 36 installments, and the specific rate and number of optional installments are subject to the page display.

For example: Haoxiang loan consumption of 10,000 yuan, repayment in 12 installments, installment rate, then the monthly handling fee is 10,000 * yuan, and the monthly principal should be repaid 10,000 12 = yuan. Therefore, the total monthly repayment amount is $1.

Users who have opened the Haoxiang Loan installment are asking how to charge the specific fee and how much the monthly interest is, briefly introducing the Bank of Communications credit card Haoxiang Loan installment fee, how to calculate the handling fee and interest, whether it is worth handling or not, and whether it is cost-effective.

Some users of the Bank of Communications said that they heard about the handling fee to be charged at that time, but they did not know whether it was charged on a monthly basis. Some cardholders said, "The handling fee is supposed to be one-time, and the one deducted every month is called interest." ”

It is understood that the credit card installment fee of each bank is generally around, and if the Bank of Communications calculates it in 12 installments, it is equivalent to the annual interest rate, taking into account the monthly decrease of the principal and the handling fee remains unchanged, and the expected annualized interest rate actually paid by the user is more than 15%. "Expected annualized interest rates are catching up with loan sharks. A cardholder said, and the Bank of Communications claims that "cancel at any time" is not the same as early repayment, the installment is canceled, and the handling fee is still fully charged, which is simply forced consumption.

[Reviews].

The handling fee of each installment of Haoxiang Loan is don't think that the handling fee for one year is * 12

Don't think it's just over eight o'clock and you're in a hurry.

The annual expected annualized interest rate should be calculated in the form of equal principal and interest, and the loan of 10,000 yuan is an example, 12 installments, and the final payment is 10,864 yuan.

Equal monthly repayment of principal and interest.

The final annual expected annualized interest rate is actually another 2 cards: the platinum card, which is easy to apply, can enjoy the various services of the quasi-platinum card, and the threshold for applying for a card is much lower than that of the ordinary platinum card. , a must-have artifact for traveling abroad, no currency conversion fee, no annual fee.

Up to 100% cash withdrawal amount, cash withdrawal fee as low as 5 yuan per transaction).

At present, the installment handling fee rate of Haoxiang Loan is 6 installments per month, and 12 or 24 installments are monthly, and the installment handling fee of Haoxiang Loan is charged and credited to the account on each statement date.

Bank of Communications Bank of Communications Haoxiang Loan provides us with a lot of convenience in life consumption, many people use it in their daily consumption, but as the so-called borrowing and repayment, you need to repay when you use it, so how to repay the Bank of Communications Haoxiang Loan? Is the cost of repayment high? Here are the answers.

How to use the Bank of Communications

Users who have registered this banking service can use it to make purchases at unlimited merchants within the 90-day validity period from the date of application. When the single amount of consumption is greater than or equal to the initial amount of the transaction, it will be automatically converted into installment repayment according to the number of installments set by the user.

There are three types of transaction amounts, one is 1,500 yuan, one is 3,000 yuan, and the other is 5,000 yuan. When you spend more than the amount you choose from these two options, the amount you spend will automatically go into instalments. When repaying, the user will repay each installment according to the number of installments, and each installment needs to pay the installment handling fee in addition to the principal after the installment.

And it has many phases, from 3 to 24 periods. And its installment fee is as low as per month. It should be noted that a monthly handling fee is required and is calculated based on the total amount of the initial instalment, not the remaining repayment amount.

Therefore, the fees to be paid when repaying in installments are still very high.

The above is a summary of the repayment method of the Bank of Communications, which can bring convenience and speed to our lives, but the cost of its repayment is still quite high, and friends who want to handle this banking business can handle it according to their own payment ability level.